Health conditions could largely be treated with digital remedies rather than drugs within the next decade, according to Deepak Chopra.
The founder of health company Chopra Global and the Chopra Foundation told The National’s Business Extra podcast that technology is “unstoppable”.
The metaverse, augmented reality, artificial intelligence and deep learning systems offer a potential way to providing health care, he said.
“This is not outrageous; it is happening now,” said Mr Chopra, who has written dozens of books on subjects such as meditation, philosophy and wealth.
“We have the evidence that you can treat a patient with inflammation through a VR session, give them an augmented reality experience … and you can bring down inflammation … you can treat eating disorders, you can actually look at autistic children, their expressions, give them bio-regulation through VR, and the facial expressions change,” he added.
“If we do it right, in five, six years, pharmaceuticals will be optional for a few things … you will have 'digiceuticals', you will have 'electriceuticals' but even more importantly, you will have augmented reality and immersive experiences.
“If you put a person with burns in a VR environment that simulates the Alps or the Himalayas, the burns get better … extreme sensations, pleasure and pain are the same sensation interpreted differently. So, you put the context right, augmented reality, VR, deep learning systems, artificial intelligence, bio-regulation, will change the way we treat people.”
Mr Chopra, a regular visitor to the UAE, will also enter Abu Dhabi’s Web3 ecosystem with his ChopraVerse well-being metaverse platform.
The issue of ensuring equitable access to new technology will be resolved in time, he said, but until then, there are ways to ensure inclusivity.
“In our metaverse strategy, we are definitely going to use the high-level 3D immersive dreamscapes, as we call them with our fictional characters or avatars … but then we are also going to put that same content on websites on iPhones and mobiles. And as technology gets popular, the prices are going to come down. It is inevitable,” he said.
His advice to entrepreneurs is to ask themselves if “there is a need out there that you are fulfilling”?
“My field … is well-being [and] that is very much needed right now. Mental illness, suicide prevention, the [Covid-19] pandemic, all of that, so well-being is a need,” he said.
“Do I have the expertise? I think I do. I have pursued it for 40 years. But the last component is even more important. Are you irreplaceable? And if you are, then those three things work — you fulfil a need, you have the expertise and you are not replaceable.”
Chopra Global provides online content, courses and also retreats aimed at supporting healthier lifestyles. The Chopra Foundation, a non-profit, runs initiatives, including for mental health, and also carries out research on ageing.
Mr Chopra believes good leaders listen and demonstrate emotional intelligence, as well as empathy. These days, when these principles are forgotten, it can go badly wrong in the corporate world, he said.
“They fail … they get greedy … Look what happened with FTX right now … it is a Bernie Madoff story in the crypto world … You fall prey to greed and then you lose your identity, your authenticity or integrity,” Mr Chopra said.
Meanwhile, Mr Chopra defined success as “the progressive realisation of worthy goals” that include creativity and intuition.
“It is the ability to love and have compassion … it is true self esteem, not self image … which is a deeper level of awareness, where there are no limitations. It is a field of infinite possibilities, of creativity, of insight, intuition, imagination and higher consciousness. And if you had that, then success is guaranteed,” he said.
Mr Chopra started his career in traditional medicine and continues to hold a doctor's licence, he said.
“I teach at Mount Sinai University of California, at the medical school. We have a telemedicine practice … I am an active member of The Endocrine Society, the Royal College of Physicians, the American College of Physicians as well, [and] maintain my licence in Massachusetts, New York, Florida and California,” he said.
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
Sri Lanka World Cup squad
Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.
The specs: 2019 Haval H6
Price, base: Dh69,900
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Seven-speed automatic
Power: 197hp @ 5,500rpm
Torque: 315Nm @ 2,000rpm
Fuel economy, combined: 7.0L / 100km
The%20specs
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Brief scoreline:
Manchester United 2
Rashford 28', Martial 72'
Watford 1
Doucoure 90'
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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
England 12-man squad for second Test
v West Indies which starts Thursday: Rory Burns, Joe Denly, Jonny Bairstow, Joe Root (captain), Jos Buttler, Ben Stokes, Moeen Ali, Ben Foakes, Sam Curran, Stuart Broad, Jimmy Anderson, Jack Leach
PAKISTAN SQUAD
Pakistan - Sarfraz Ahmed (captain), Azhar Ali, Fakhar Zaman, Imam-ul-Haq, Babar Azam, Shoaib Malik, Mohammad Hafeez, Haris Sohail, Faheem Ashraf, Shadab Khan, Mohammad Nawaz, Mohammad Amir, Hasan Ali, Aamer Yamin, Rumman Raees.